Kaltura (NASDAQ:KLTR) Shares Down 0.5% – Time to Sell?

Shares of Kaltura, Inc. (NASDAQ:KLTR) traded down 0.5% during mid-day trading on Thursday . The stock traded as low as $2.16 and last traded at $2.16. 182,341 shares traded hands during mid-day trading, an increase of 20% from the average session volume of 151,336 shares. The stock had previously closed at $2.17.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Kaltura in a research report on Thursday, November 7th. Wells Fargo & Company upped their price objective on Kaltura from $1.00 to $1.50 and gave the company an “underweight” rating in a research report on Thursday, November 7th.

Kaltura Price Performance

The firm has a fifty day moving average price of $1.57 and a two-hundred day moving average price of $1.33. The stock has a market capitalization of $332.33 million, a P/E ratio of -8.54 and a beta of 0.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.12 and a current ratio of 1.12.

Hedge Funds Weigh In On Kaltura

Several hedge funds and other institutional investors have recently modified their holdings of KLTR. Boston Partners lifted its holdings in shares of Kaltura by 104.8% during the 1st quarter. Boston Partners now owns 443,905 shares of the company’s stock valued at $599,000 after buying an additional 227,127 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Kaltura by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,990,252 shares of the company’s stock valued at $2,707,000 after buying an additional 124,415 shares during the period. Barclays PLC lifted its holdings in shares of Kaltura by 215.5% during the 3rd quarter. Barclays PLC now owns 152,686 shares of the company’s stock valued at $208,000 after buying an additional 104,288 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Kaltura by 15.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 674,054 shares of the company’s stock worth $917,000 after purchasing an additional 91,138 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Kaltura by 18.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 286,502 shares of the company’s stock worth $387,000 after purchasing an additional 44,289 shares in the last quarter. 30.79% of the stock is owned by institutional investors.

Kaltura Company Profile

Kaltura, Inc provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) in the United States, Europe, the Middle East, Africa, and internationally. The company operates through two segments, Enterprise, Education, and Technology (EE&T); and Media and Telecom (M&T).